Hmong Education Reform Company

Analysis

Hmong Education Reform Company is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hmong Education Reform Company reported income of $5.5m and spending of $6.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hmong Education Reform Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Circle City Preparatory Inc ($5.5m), Dekalb Brilliance Academy Inc ($5.5m) and Genesis School Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $77.9m against liabilities of $79.4m, net assets of -$1.5m.